Contrarian/Reversal (CR)

This model is based on a contrarian view, which looks at extreme moves in a currency pair based on daily and hourly charts are incorporated together. Moving averages are used to find extreme readings along with a shorter term trend indicator to assist finding good low risk entry points. These readings may vary depending on the strength of the present trend. A discretionary point of view is needed in this model where we find more profitable, intermediate tops and bottoms where the market view might still be too biased on trend continuation, but where follow-through is not seen in the market. A position may be tried more than once in the same direction despite being stopped out, if the readings remain.